Goldman Sachs increased its estimate for China’s 2009 GDP growth from 6% to 8.3% and expects it to hit 10.3% in 2010.
Goldman Sachs isn’t the only ones that think things are getting better in China. Barclays raised its estimate from 6.7% to 7.2%, UBS from 6.5% to 7.5%, and Royal Bank of Scotland from 5% to 7%.
I don’t have a lot of faith in their final numbers but seeing so everybody agreeing on the direction is an enthusiastic endorsement of the Chinese economy.
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hey this is a very interesting article!